21 - Gen Y Finance Guy Dominic 'D' Sells Options

21 – Gen Y Finance Guy Dominic ‘D’ Sells Options

01 Jun, 2015 / By: Brandon Clay

Dominic ‘Dom’ D – The Gen Y Finance Guy

Talking understanding risk and options with the Gen Y Finance Guy Dominic ‘D’.

Dominic ‘D’ , or ‘Dom’ for short is a smart and dedicated, part-time trader. He has a finance background and even traded professionally for a time. But now he’s focused on trading just his personal account on the side. He’s grown his account from a modest sum and now has a net worth of over $200,000 – and he’s only in his 20’s.

Dom’s story is encouraging to some of the younger traders among us – he even targets a younger audience at his very active and entertaining blog, GenYFinanceGuy.com. It was a fun and practical conversation.

Podcast Highlights

Ways new traders can make money with options
Don’t trade if you don’t understand the risk
Stay consistent, don’t jump around in different asset classes and techniques
Covered call trading method
Duration over direction

From the Trader’s Story

“You either need to figure out how you are going to make money and understand the risk you are taking, or you need to stay out of the markets”

“Choose an asset class and strategy that fits your personality and risk profile. And stick with it long enough to get through the dip. Don’t stop before you strike gold”.

“Manage risk at order entry”.